2022
Flag  
GDP
$70.3BCURRENT US$
Rnk 81 / 186
2012-2022
Flag
GDP GROWTH
63.8%CURRENT US$
Rnk 38 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC 
$24,827CURRENT US$
Rnk 45 / 186
2012-2022
Flag
GDP PC GROWTH
72.8%CURRENT US$
Rnk 17 / 186
2022
Flag
GDP PC
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

Lithuania-Norway Trade: In 2022, Lithuania exported $1.23B to Norway. The main products that Lithuania exported to Norway were Other Furniture ($132M), Seats ($110M), and Prefabricated Buildings ($95.6M). Over the past 5 years the exports of Lithuania to Norway have increased at an annualized rate of 6.01%, from $922M in 2017 to $1.23B in 2022.

In 2020, Lithuania exported services to Norway worth $364M, with Transportation ($202M), Other business services ($71M), and Construction services ($45.5M) being the largest in terms of value.

Norway-Lithuania Trade: In 2022, Norway exported $2.55B to Lithuania. The main products that Norway exported to Lithuania were Petroleum Gas ($1.27B), Crude Petroleum ($656M), and Non-fillet Fresh Fish ($298M). Over the past 5 years the exports of Norway to Lithuania have increased at an annualized rate of 18.6%,  from $774M in 2017 to $2.55B in 2022.

In 2009, Norway exported services to Lithuania worth $12.8M, with Travel ($8.15M), Other business services ($2.4M), and Construction services ($1.44M) being the largest in terms of value.

Comparison: In 2022,  Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B). That same year, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Lithuania exported $1.23B to Norway. The main products exported from Lithuania to Norway were Other Furniture ($132M), Seats ($110M), and Prefabricated Buildings ($95.6M). During the last 5 years the exports of Lithuania to Norway have increased at an annualized rate of 6.01%, from $922M in 2017 to $1.23B in 2022.

In 2017, Norway exported $2.55B to Lithuania. The main products exported from Norway to Lithuania were Petroleum Gas ($1.27B), Crude Petroleum ($656M), and Non-fillet Fresh Fish ($298M). During the last 5 years the exports of Norway to Lithuania have increased at an annualized rate of 18.6%, from $774M in 2022 to $2.55B in 2017.

Exports from Lithuania (Flag) to Norway (Flag) (2022)

Exports from Norway (Flag) to Lithuania (Flag) (2022)

Latest Data

Trade between Lithuania (Flag) and Norway (Flag)

Lithuania Exports

Norway Exports

Market Competitiveness

Color
Lithuania
Top Destination
Latvia$6.18B
Norway
Top Destination
Germany$78.1B

This map shows whether countries import more from Lithuania or Norway. Each country is colored based on the difference in imports they receive from Lithuania and Norway or the difference in the growth in imports.

In 2022, countries that imported more from Lithuania than Norway included Latvia ($6.18B), Russia ($2.88B), and Estonia ($2.27B).

In 2022, countries that imported more from Norway than Lithuania included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

Difference in imports from Norway (Flag) and Lithuania (Flag) (2022)

Comparative Advantage Lithuania - Norway

Flow
Scale

This chart compares trade between Lithuania and Norway by product, considering products traded by both, Lithuania and Norway.

During 2022, Lithuania had a large net trade with Norway in the exports of Miscellaneous ($371M), Metals ($190M), and Machines ($111M).

During 2017, Norway had a large net trade with Lithuania in the exports of Mineral Products ($1.93B), Animal Products ($408M), and Plastics and Rubbers ($56.2M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Lithuania Norway+$19.4MRefined Petroleum
Top Product Potential Norway Lithuania+$91.7MPetroleum Gas

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Lithuania and Norway. This means that a dot/product with the flag of Lithuania indicates it has a comparative advantage over Norway. Similarly, a dot/product with the flag of Norway indicates it has a comparative advantage over Lithuania.

Product Space of Lithuania (Flag) and Norway (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with